Cemtrex Reports 13% revenue growth in 2024, plans expansion with AI-Powered Security innovations

Proactive - Interviews for investors

Cemtrex Inc CEO Saagar Govil joined Steve Darling from Proactive to discuss the company’s recently released Q4 earnings, highlighting robust revenue growth and strategic advancements. Cemtrex, a leader in advanced security technology and industrial services, operates through its subsidiaries Vicon Industries and Advanced Industrial Services (AIS), delivering cutting-edge surveillance systems and industrial contracting solutions across diverse sectors. For the fiscal year 2024, Cemtrex achieved a 13% increase in revenue, reaching $66.9 million, driven by strong demand for AIS products and services. The fourth quarter alone recorded a 9% revenue growth, totaling $18.1 million. Key financial highlights include a 39% surge in AIS revenue, which rose to $34.8 million, fueled by strategic acquisitions and heightened market demand. On the technology front, Vicon Industries introduced the NEXT™ Modular Camera System, featuring advanced AI-driven capabilities, marking a significant step toward integrated and intelligent security solutions. Looking ahead, Cemtrex remains optimistic about its growth trajectory, focusing on new product launches, including the NEXT Camera System and the Anavio cloud platform, to meet the rising demand in the video surveillance industry. These innovations, combined with sustained demand for AIS services, position the company for continued success in the security technology and industrial services sectors. Govil emphasized Cemtrex’s commitment to leveraging advanced technologies and strategic market opportunities to deliver value to its customers and shareholders while navigating the evolving landscape of security and industrial services. #proactiveinvestors #cemtrexinc #nasdaq #cetx #cetxp #SaagarGovil #SecuritySolutions #AIcameras #RevenueGrowth #IndustrialServices #TechnologyInnovation #ProactiveInvestors #BusinessGrowth #SecurityTechnology #ViconIndustries